322 South Swall Drive

Los Angeles, CA 90048

$3,200,000
Price
10
Beds
10
Baths
6,850 Sq. Ft.
$467 / Sq. Ft.
6,850
Sq. Ft.
$467
per Sq. Ft.

Description

Probate Sale, Court confirmation MAY be required. 5-Unit residential property, for sale AFTER 40 years! All units are large 2 Bed 2 Bath, 3 of 5 units are vacant and will be delivered vacant at COE. Separately metered for both gas and electricity. Mandatory Soft Story Retrofit has NOT been done and a Certificate of Substandard Building has been recorded by the City on the title on July 19, 2018. No known upgrades (to any systems) done. Seller is a Court appointed fiduciary and cannot make any representations...Probate Sale, Court confirmation MAY be required. 5-Unit residential property, for sale AFTER 40 years! All units are large 2 Bed 2 Bath, 3 of 5 units are vacant and will be delivered vacant at COE. Separately metered for both gas and electricity. Mandatory Soft Story Retrofit has NOT been done and a Certificate of Substandard Building has been recorded by the City on the title on July 19, 2018. No known upgrades (to any systems) done. Seller is a Court appointed fiduciary and cannot make any representations as to the condition, history of the subject property. Sold AS IS & Where IS, with current tenant(s) in place. Seller will not be responsible for any repairs, inspection reports, termite work, and mandatory government retrofit requirements prior to close. Buyer to conduct their own investigations. Seller is MOTIVATED and wants to see ALL offers. Only the vacant units will be shown during the open houses.
  1. Listed by Vineendra Jain • DRE #01413466 • Brokerage DRE #01413466 • Ingenious Asset Group, Inc.

Property Details for 322 South Swall Drive

Water Front
None
Zoning
LAR4
Style
Traditional
Cross Streets
Burton Way & S Swall Drive
Parcel Number
4335013015
Total Units
5.0
Living Area
6850
Source Living Area
Assessor

Location

Listing Courtesy of Ingenious Asset Group, Inc., Vineendra Jain, DRE #01413466
Add your commute
LISTING UPDATED: 04/19/2024 01:42 PM

Property Details for 322 South Swall Drive

StatusActive
MLS #23-301669
Days on Market243
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1962
Lot Size0.12 AC / 5,405 SF
CountyLos Angeles County

Location

Listing Courtesy of Ingenious Asset Group, Inc., Vineendra Jain, DRE #01413466
Add your commute

Building Information for 322 South Swall Drive

Stories3Residences-Year Built1962Building Size-Lot Size0.12 AC / 5,405 SF

Payment Calculator

$21,105 per month

30 year fixed, 7.25% Interest

Principal and Interest

$17,464

Property Taxes

$3,641

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 322 South Swall Drive

Community / Development
Community / Development
  • Number Of Units: 5
  • Senior Community: No
  • Management Company Name: Ingenious Asset Group, Inc.
  • Management Company Phone: 3102072288|
Structure Info
Structure Info
  • Year Built Source: Assessor
  • Number Of Stories: 3
  • Number Of Buildings: 1
  • Type Of Units: Residential
  • View: Yes
  • View Description: Walk Street
  • Security Features: Carbon Monoxide Detector(s), Smoke Detector
  • Direction Faces: West
  • Property Condition: Repair Cosmetic
  • Water: District
  • Sewer: In Street
  • Water Heaters: Yes
  • Water Heater Features: Water Heater Unit, Gas
Contract Info
Contract Info
  • Probate: Yes
  • Financing: Cash, Cash To New Loan
  • Disclosures: Probate, As Is, Court Approval Not Required, Rent Control
  • Listing Type: Probate
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $184,634
  • Net Operating Income: $129,596.00
  • Gross Income: $195,351
  • Cap Rate: 4.05%
  • Gross Rent Multiplier: $16.47
  • Actual Annual Gross Rent: $194,351.00
  • Actual Gross Annual Income: $194,351
  • Actual Rent Total: $16,146.00
  • Financial Info as Of: 04/19/2024
  • Vacancy Allow Dollar: $9,718.00
  • Vacancy Allow Percent: 5.00%
  • Total Annual Expense: 55037
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.1241
  • Lot Size Square Feet: 5405
  • Lot Size Dimensions: 45x120
  • Source Lot Size Dimensions: Assessor
  • Lot Features: Front Yard, Rectangular Lot
  • Lot Description: Front Yard, Lot Shape-Rectangular, Lot-Level/Flat, Walk Street
  • Lot Location: City, Corner Lot, Flats
Parking Details
Parking Details
  • Parking Garage: Attached, Garage - 4+ Car, Covered Parking, Tandem, Uncovered
  • Total Parking: 10
  • Covered Parking: 4
  • Open Other Spaces Total: 6
  • Parking Features: Covered, Tandem Garage, Uncovered
  • Attached Garage: Yes
Interior Features
Interior Features
  • Room Type: Living Room
  • Rooms: Living Room
  • Levels: Two
  • Fireplace Features: None
  • Fireplace Rooms: None
  • Den: No
  • Family Room: 0
  • Dining Room: 0
  • Cooling: Wall/Window Unit(s)
  • Cooling Type: Wall/Window
  • Heating Type: Wall Electric
  • Flooring: Carpet, Tile, Vinyl
  • Equipment: Microwave, Refrigerator, Dishwasher, Range/Oven, Hood Fan
  • Interior Features: Other
  • Room Kitchen Features: Tile Counters
  • Kitchen Features: Tile Counters
  • Room Bathroom Features: Shower
  • Bathroom Features: Shower Over Tub, Shower Stall
  • Common Walls: Detached/No Common Walls
  • Cooking Appliances: Cooktop - Gas, Oven, Gas/Electric Range, Range Hood, Microwave
  • Laundry: Laundry Area
Exterior Features
Exterior Features
  • Pool: No
  • Private Pool: No
  • Pool Description: None
  • Pool Features: None
  • Spa: No
  • Spa: None
  • Roof: Concrete, Flat
  • Sprinklers: None
  • New Construction: No
  • Construction Materials: Concrete, Stucco
  • Exterior Construction: Concrete, Detached/No Common Walls, Stucco
  • Other Structural Features: Balcony
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 08-28-2023
  • Listing Terms: Probate, Cash, Cash To New Loan, Take Property As Is
  • Rent Control: Yes
Unit Details
Unit 1 Information
  • Unit Beds: 2
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $3,201.00
  • Unit Actual Rent: $16,006.00
  • Unit Projected Rent: $21,000.00
  • Like Units: 5
Unit Details
  • Unit Type Type: 2106
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $491,017.00
  • Assessed Improvement Percent: 64.24
  • Assessed Land Value: $273,321.00
  • Assessed Land Percent: 35.76
  • Assessed Total Value: $764,338.00

Property History for 322 South Swall Drive

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 322 South Swall Drive

Taxable ValueLand$278,787Additions$500,837Total$779,624
Tax Record2023$43,689 ($3,641 / month)
Home Facts
Total Finished SqFt6,850 SqFtAbove Grade Finished SqFt6,850 SqFtLot Size5,405 SqFtStyleMulti-Family Res (5+ Units)Year Built1962ZoningLAR4CountyLOS ANGELESAPN4335-013-015

Schools near 322 South Swall Drive

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 7 to 12
Public - 9 to 12
Public - K to 5
Rating
School
Distance
West Hollywood Opportunity School
Public7 to 12

Fairfax Senior High School
Public9 to 12

West Hollywood Elementary School
PublicK to 5

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

Sorry, we can't find any similar homes at this time. Please check back later.

Similar Sold Homes

Sorry, we can't find any similar sold homes at this time. Please check back later.

322 South Swall Drive is a multi-family home for sale in Los Angeles, CA 90048. This property was listed for sale on August 28, 2023 by Ingenious Asset Group, Inc., it's currently listed at $3,200,000. This listing's school district is Los Angeles Unified School District. Nearby schools include Rosewood Avenue Elementary School, School for Advanced Studies, West Hollywood Opportunity School and Fairfax Senior High School. 322 South Swall Drive is a 10-bed, 10-bath, 6,850 sqft multi-family home built in 1962.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Ingenious Asset Group, Inc., Vineendra Jain, DRE #01413466

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.